ELKHART - GOSHEN Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Rent Data
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Elkhart - Goshen averaged 6.85% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.86% and one month ago for the week of 2024-10-10, the average rate was 6.49%.

    Elkhart - Goshen's average rate one year ago was 7.77%.

    For refis of the same type during the week of 2024-11-14, the average rate was 8.12%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Elkhart - Goshen 30 Year Fixed Rate 2024-11-14 6.85%
    Elkhart - Goshen 30 Year Fixed Rate Refi 2024-11-14 8.12%
    Elkhart - Goshen 15 Year Fixed Rate 2024-11-14 5.79%
    Elkhart - Goshen 15 Year Fixed Rate Refi 2024-11-14 6.09%
    Elkhart - Goshen 30 Year FHA 2024-11-14 0.32%
    Elkhart - Goshen 30 Year FHA Refi 2024-11-14 -0.1%
    Elkhart - Goshen 30 Year USDA 2024-11-14 -0.2%
    Elkhart - Goshen 30 Year USDA Refi 2024-11-14 0%
    Elkhart - Goshen 30 Year VA 2024-11-14 0.28%
    Elkhart - Goshen 30 Year VA Refi 2024-11-14 0%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within ELKHART-GOSHEN, IN.

    ELKHART - GOSHEN Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the ELKHART-GOSHEN, IN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    INTERRA CREDIT UNION 181 6.48% $2,675
    CARDINAL FINANCIAL 166 7.12% $4,188
    RUOFF MORTGAGE COMPANY, INC. 143 6.94% $3,886
    CHURCHILL MORTGAGE CORPORATION 87 7.24% $5,158
    QUICKEN LOANS, LLC 78 6.89% $5,720
    First State Bank of Middlebury 59 6.74% $2,396
    HALLMARK HOME MORTGAGE, LLC 57 7.06% $4,680
    First Federal Savings Bank 55 7.38% $3,214
    JPMorgan Chase Bank 54 6.85% $2,898
    TEACHERS CREDIT UNION 52 7.29% $2,617
    Notre Dame Federal Credit Union Corporation 46 6.94% $3,451
    1st Source Bank 36 6.93% $3,821
    UNITED WHOLESALE MORTGAGE, LLC 33 6.84% $5,281
    GUARANTEED RATE, INC. 33 7.06% $3,771
    INOVA FEDERAL CREDIT UNION 30 6.64% $1,817
    Lake City Bank 29 6.74% $2,703
    EVERETT FINANCIAL, INC. 26 7.25% $4,727
    Horizon Bank 22 7.13% $2,694
    EVERENCE FEDERAL CREDIT UNION 21 8.27% $2,233
    UNITED 18 6.97% $3,260
    Centier Bank 17 7.47% $1,906
    KeyBank 15 6.50% $3,552
    LOANDEPOT.COM, LLC 15 6.83% $3,535
    Farm Credit Mid-America, ACA 14 7.19% $5,325
    Mr. Cooper ( Nationstar Mortgage ) 10 6.87% $6,433
    Farmers State Bank 10 7.23% $2,935
    Wells Fargo Bank 10 6.50% $3,849
    Circle Federal Credit Union 8 7.39% $3,829
    U.S. Bank 8 6.63% $3,232
    Fifth Third Bank 8 6.72% $2,891
    GENEVA FINANCIAL, LLC 7 6.95% $4,054
    The Huntington National Bank 7 6.70% $3,974
    MOVEMENT MORTGAGE, LLC 5 7.55% $4,699
    Chiphone Federal Credit Union 5 6.40% $3,088
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 7.45% $5,432
    Northwest Bank 5 7.08% $2,921
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.19% $4,844
    Old National Bank 4 6.41% $2,493
    BETTER MORTGAGE CORPORATION 4 6.31% $2,357
    VAN DYK MORTGAGE CORPORATION 4 6.88% $2,621
    Flagstar Bank, FSB 4 6.79% $3,927
    Nations Lending Corporation 3 7.08% $6,149
    NBKC BANK 3 5.96% $2,450
    ROYAL UNITED MORTGAGE LLC 3 6.92% $6,823
    Ally Bank 3 6.38% $8,160
    CROSSCOUNTRY MORTGAGE, LLC 3 7.90% $6,103
    STOCKTON MORTGAGE CORPORATION 3 6.67% $4,830
    NEWREZ LLC 3 7.62% $4,529
    PNC Bank 3 6.33% $2,690
    PENNYMAC LOAN SERVICES, LLC 3 6.54% $6,413
    ON Q FINANCIAL, INC. 3 6.75% $3,094
    OMNI Community Credit Union 3 6.25% $4,514
    GVC MORTGAGE, INC. 3 7.04% $3,850
    HOMESIDE FINANCIAL, LLC 3 6.63% $3,305
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.63% $6,797
    BROKER SOLUTIONS, INC. 2 6.49% $5,788
    ACADEMY MORTGAGE CORPORATION 2 7.38% $5,223
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.19% $5,916
    AMERISAVE MORTGAGE CORPORATION 2 5.88% $8,624
    BEACON CREDIT UNION 2 6.75% $2,063
    BMO Harris Bank 2 6.31% $7,921
    Carrington Mortgage Services, LLC 2 6.25% $7,160
    Discover Bank 2 7.12% $0
    Mortgage Research Center, LLC 2 7.31% $6,578
    Northpointe Bank 2 7.13% $6,768
    OAK MORTGAGE, LLC 2 7.00% $2,157
    ProFed Federal Credit Union 2 6.06% $2,608
    The Farmers & Merchants State Bank 2 7.13% $3,642
    THRIVE MORTGAGE, LLC 2 7.50% $2,741
    USAA Federal Savings Bank 2 6.88% $3,097
    V.I.P. MORTGAGE, INC. 2 7.31% $5,970
    ZILLOW HOME LOANS, LLC 2 6.94% $9,983
    LAKE MICHIGAN CREDIT UNION 1 6.13% $2,254
    INDIANA MEMBERS CREDIT UNION 1 6.50% $2,599
    Arvest Bank 1 6.75% $2,248
    Grand Valley Bank 1 7.00% $5,144
    Goldwater Bank, N.A. 1 7.25% $4,986
    FREEDOM MORTGAGE CORPORATION 1 7.50% $8,365
    OPEN MORTGAGE, LLC 1 7.63% $4,422
    First Merchants Bank 1 7.50% $2,480
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $5,492
    First Farmers Bank and Trust Company 1 6.88% $2,673
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.50% $3,385
    ALLIED MORTGAGE GROUP, INC. 1 5.25% $6,004
    Prosperity Home Mortgage, LLC 1 7.63% $2,424
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.88% $3,834
    ENDEAVOR CAPITAL, LLC. 1 6.25% $6,000
    Quontic Bank 1 8.75% $7,704
    DEEPHAVEN MORTGAGE LLC 1 10.38% $5,885
    CREDIT UNION ONE 1 6.38% $2,713
    Sierra Pacific Mortgage Company, Inc. 1 5.88% $3,976
    SIRVA MORTGAGE, INC. 1 5.75% $477
    CONSUMERS 1 6.38% $2,655
    Superior Credit Union, Inc. 1 6.38% $4,413
    Citizens Bank 1 6.50% $5,837
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.00% $8,283
    The Federal Savings Bank 1 6.50% $2,492
    CHERRY CREEK MORTGAGE, LLC 1 6.63% $675
    Three Rivers Federal Credit Union 1 6.63% $2,180
    American Mortgage & Equity Consultants, Inc. 1 6.88% $8,869
    TOP FLITE FINANCIAL, INC. 1 6.88% $10,654
    UNION HOME MORTGAGE CORP. 1 6.63% $2,574
    Union Savings Bank 1 7.00% $1,493
    Mortgage Assurance Inc. 1 7.63% $1,578
    MORTGAGE 1 INCORPORATED 1 6.99% $4,960
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $7,111
    NAVY FEDERAL CREDIT UNION 1 8.50% $4,069
    MEMBER FIRST MORTGAGE, LLC 1 6.63% $3,501
    LEADERONE FINANCIAL CORPORATION 1 6.99% $5,272
    NORTHERN MORTGAGE SERVICES, LLC 1 7.25% $9,045
    CALIBER HOME LOANS, INC. 1 7.50% $2,956

    ELKHART - GOSHEN Average Closing Costs & Other Stats

    ELKHART-GOSHEN, IN's 111 lenders originated 4,294 loans during 2023. The total origination value was $658,460,000, with an average loan value of $153,344.

    ELKHART - GOSHEN's average closing costs are $3,811.

    The top ELKHART - GOSHEN lender as defined by loan originations is INTERRA CREDIT UNION, with 181 loans originated. Their average total fees are $2,675, which is $1,513 lower than the next largest lender, CARDINAL FINANCIAL.

    The lowest fee ELKHART - GOSHEN lenders (with over 10 loans originated) are INOVA FEDERAL CREDIT UNION ($1,817), Centier Bank ($1,906), EVERENCE FEDERAL CREDIT UNION ($2,233), First State Bank of Middlebury ($2,396) and TEACHERS CREDIT UNION ($2,617).

    The lowest rate ELKHART - GOSHEN lenders (with over 10 loans originated) are INTERRA CREDIT UNION (6.48%), KeyBank (6.50%), Wells Fargo Bank (6.50%), INOVA FEDERAL CREDIT UNION (6.64%) and Lake City Bank (6.74%).

    ELKHART-GOSHEN, IN Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    INTERRA CREDIT UNION $120,680,000 $79,415,000 -34.2% 12.1%
    CARDINAL FINANCIAL $71,430,000 $59,445,000 -16.8% 9.0%
    RUOFF MORTGAGE COMPANY, INC. $49,530,000 $42,730,000 -13.7% 6.5%
    Lake City Bank $49,780,000 $38,615,000 -22.4% 5.9%
    QUICKEN LOANS, LLC $43,635,000 $33,120,000 -24.1% 5.0%
    1st Source Bank $43,425,000 $28,655,000 -34.0% 4.4%
    TEACHERS CREDIT UNION $37,625,000 $27,430,000 -27.1% 4.2%
    CHURCHILL MORTGAGE CORPORATION $7,165,000 $23,350,000 225.9% 3.5%
    HALLMARK HOME MORTGAGE, LLC $17,830,000 $20,720,000 16.2% 3.1%
    Notre Dame Federal Credit Union Corporation $26,050,000 $19,270,000 -26.0% 2.9%
    First State Bank of Middlebury $47,260,000 $18,945,000 -59.9% 2.9%
    First Federal Savings Bank $2,750,000 $16,470,000 498.9% 2.5%
    UNITED WHOLESALE MORTGAGE, LLC $11,370,000 $13,660,000 20.1% 2.1%
    INOVA FEDERAL CREDIT UNION $16,230,000 $12,460,000 -23.2% 1.9%
    GUARANTEED RATE, INC. $37,215,000 $11,630,000 -68.7% 1.8%
    JPMorgan Chase Bank $17,745,000 $11,630,000 -34.5% 1.8%
    EVERETT FINANCIAL, INC. $22,490,000 $10,830,000 -51.8% 1.6%
    Horizon Bank $28,220,000 $8,845,000 -68.7% 1.3%
    Farmers State Bank $22,045,000 $8,550,000 -61.2% 1.3%
    The Campbell & Fetter Bank $5,510,000 $7,760,000 40.8% 1.2%
    Mortgage Research Center, LLC $9,870,000 $7,740,000 -21.6% 1.2%
    Centier Bank $6,540,000 $6,655,000 1.8% 1.0%
    TRIAD FINANCIAL SERVICES, INC. $6,355,000 $6,065,000 -4.6% 0.9%
    EVERENCE FEDERAL CREDIT UNION $8,080,000 $5,860,000 -27.5% 0.9%
    KeyBank $14,120,000 $5,720,000 -59.5% 0.9%
    Farm Credit Mid-America, ACA $7,875,000 $5,340,000 -32.2% 0.8%
    LOANDEPOT.COM, LLC $11,090,000 $4,870,000 -56.1% 0.7%
    UNITED $8,550,000 $4,670,000 -45.4% 0.7%
    PNC Bank $5,950,000 $4,360,000 -26.7% 0.7%
    The Huntington National Bank $4,250,000 $4,225,000 -0.6% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $8,635,000 $3,875,000 -55.1% 0.6%
    Northwest Bank $2,955,000 $3,670,000 24.2% 0.6%
    Wells Fargo Bank $5,960,000 $3,450,000 -42.1% 0.5%
    BMO Harris Bank $115,000 $3,150,000 2,639.1% 0.5%
    Fifth Third Bank $4,675,000 $3,140,000 -32.8% 0.5%
    GENEVA FINANCIAL, LLC $2,035,000 $2,940,000 44.5% 0.4%
    FREEDOM MORTGAGE CORPORATION $7,495,000 $2,785,000 -62.8% 0.4%
    PENNYMAC LOAN SERVICES, LLC $3,935,000 $2,765,000 -29.7% 0.4%
    First National Bank of Michigan $2,755,000 n/a 0.4%
    U.S. Bank $1,800,000 $2,440,000 35.6% 0.4%
    Old National Bank $9,295,000 $2,425,000 -73.9% 0.4%
    Nations Lending Corporation $1,095,000 $2,305,000 110.5% 0.4%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,335,000 $2,070,000 55.1% 0.3%
    LENDINGHOME FUNDING CORPORATION $210,000 $2,050,000 876.2% 0.3%
    NEWREZ LLC $3,800,000 $1,965,000 -48.3% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $1,930,000 $1,920,000 -0.5% 0.3%
    Circle Federal Credit Union $2,550,000 $1,790,000 -29.8% 0.3%
    MOVEMENT MORTGAGE, LLC $1,675,000 n/a 0.3%
    AMERISAVE MORTGAGE CORPORATION $5,025,000 $1,570,000 -68.8% 0.2%
    USAA Federal Savings Bank $560,000 $1,550,000 176.8% 0.2%
    Discover Bank $660,000 $1,545,000 134.1% 0.2%
    The Federal Savings Bank $880,000 $1,440,000 63.6% 0.2%
    GVC MORTGAGE, INC. $870,000 $1,415,000 62.6% 0.2%
    Flagstar Bank, FSB $2,605,000 $1,390,000 -46.6% 0.2%
    Northpointe Bank $1,000,000 $1,280,000 28.0% 0.2%
    BROKER SOLUTIONS, INC. $2,185,000 $1,270,000 -41.9% 0.2%
    21ST MORTGAGE CORPORATION $1,145,000 $1,220,000 6.6% 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,835,000 $1,210,000 -57.3% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $1,135,000 $1,165,000 2.6% 0.2%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $2,380,000 $1,105,000 -53.6% 0.2%
    Chiphone Federal Credit Union $805,000 $1,070,000 32.9% 0.2%
    VAN DYK MORTGAGE CORPORATION $3,015,000 $1,025,000 -66.0% 0.2%
    V.I.P. MORTGAGE, INC. $3,030,000 $990,000 -67.3% 0.2%
    ZILLOW HOME LOANS, LLC $870,000 $985,000 13.2% 0.1%
    Three Rivers Federal Credit Union $405,000 $970,000 139.5% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $1,935,000 $955,000 -50.6% 0.1%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $345,000 $940,000 172.5% 0.1%
    ACADEMY MORTGAGE CORPORATION $440,000 $920,000 109.1% 0.1%
    ON Q FINANCIAL, INC. $920,000 n/a 0.1%
    Ally Bank $445,000 $865,000 94.4% 0.1%
    BEACON CREDIT UNION $175,000 $865,000 394.3% 0.1%
    Prosperity Home Mortgage, LLC $865,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $435,000 $850,000 95.4% 0.1%
    NEW DAY FINANCIAL, LLC $1,370,000 $840,000 -38.7% 0.1%
    STOCKTON MORTGAGE CORPORATION $820,000 n/a 0.1%
    Carrington Mortgage Services, LLC $2,025,000 $815,000 -59.8% 0.1%
    NBKC BANK $325,000 $800,000 146.2% 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $775,000 n/a 0.1%
    Honor Credit Union $380,000 $760,000 100.0% 0.1%
    Figure Lending LLC $590,000 $725,000 22.9% 0.1%
    OMNI Community Credit Union $175,000 $715,000 308.6% 0.1%
    Equity Prime Mortgage LLC $1,185,000 $700,000 -40.9% 0.1%
    Elements Financial Federal Credit Union $525,000 $685,000 30.5% 0.1%
    MYCUMORTGAGE, LLC $680,000 n/a 0.1%
    The Farmers & Merchants State Bank $155,000 $675,000 335.5% 0.1%
    NAVY FEDERAL CREDIT UNION $1,905,000 $630,000 -66.9% 0.1%
    FINANCE OF AMERICA REVERSE LLC $645,000 $615,000 -4.7% 0.1%
    INDIANA MEMBERS CREDIT UNION $600,000 n/a 0.1%
    Mortgage Assurance Inc. $945,000 $585,000 -38.1% 0.1%
    VILLAGE CAPITAL MORTGAGE $1,275,000 $585,000 -54.1% 0.1%
    UNION HOME MORTGAGE CORP. $850,000 $580,000 -31.8% 0.1%
    TOP FLITE FINANCIAL, INC. $125,000 $570,000 356.0% 0.1%
    ProFed Federal Credit Union $560,000 n/a 0.1%
    SIRVA MORTGAGE, INC. $555,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $1,075,000 $520,000 -51.6% 0.1%
    MEMBER FIRST MORTGAGE, LLC $55,000 $495,000 800.0% 0.1%
    FORUM Credit Union $480,000 n/a 0.1%
    AMWEST FUNDING CORP. $470,000 n/a 0.1%
    First Farmers Bank and Trust Company $165,000 $450,000 172.7% 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $335,000 $445,000 32.8% 0.1%
    LAKE MICHIGAN CREDIT UNION $510,000 $440,000 -13.7% 0.1%
    OCEANSIDE MORTGAGE COMPANY $680,000 $435,000 -36.0% 0.1%
    HOMESIDE FINANCIAL, LLC $435,000 $410,000 -5.7% 0.1%
    Citizens Bank $1,890,000 $395,000 -79.1% 0.1%
    GREENSTATE CREDIT UNION $305,000 $390,000 27.9% 0.1%
    MORTGAGE 1 INCORPORATED $375,000 n/a 0.1%
    First Merchants Bank $2,200,000 $370,000 -83.2% 0.1%
    Paramount Residential Mortgage Group, Inc. $540,000 $360,000 -33.3% 0.1%
    Loan Simple, Inc. $175,000 $355,000 102.9% 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $355,000 n/a 0.1%
    CRESCENT MORTGAGE COMPANY $335,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $325,000 n/a 0.0%
    AMERICAN FINANCIAL RESOURCES, INC. $320,000 n/a 0.0%
    THRIVE MORTGAGE, LLC $320,000 n/a 0.0%
    ALLIED MORTGAGE GROUP, INC. $165,000 $315,000 90.9% 0.0%
    SPRING EQ, LLC $380,000 $315,000 -17.1% 0.0%
    OAK MORTGAGE, LLC $85,000 $310,000 264.7% 0.0%
    Arvest Bank $105,000 $300,000 185.7% 0.0%
    Truist $215,000 $300,000 39.5% 0.0%
    FirstBank $65,000 $295,000 353.8% 0.0%
    Grand Valley Bank $295,000 n/a 0.0%
    Bank of America $365,000 $290,000 -20.5% 0.0%
    CALIBER HOME LOANS, INC. $2,270,000 $285,000 -87.4% 0.0%
    NORTHERN MORTGAGE SERVICES, LLC $285,000 n/a 0.0%
    VERITAS FUNDING, LLC $225,000 $285,000 26.7% 0.0%
    Credence Funding Corporation $255,000 n/a 0.0%
    OCMBC, INC. $250,000 n/a 0.0%
    Goldwater Bank, N.A. $245,000 n/a 0.0%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $340,000 $245,000 -27.9% 0.0%
    DRAPER AND KRAMER MORTGAGE CORP. $235,000 n/a 0.0%
    CHERRY CREEK MORTGAGE, LLC $465,000 $225,000 -51.6% 0.0%
    Magnolia Bank $215,000 n/a 0.0%
    PENTAGON FEDERAL CREDIT UNION $240,000 $215,000 -10.4% 0.0%
    American Mortgage & Equity Consultants, Inc. $205,000 n/a 0.0%
    Bank of England $580,000 $205,000 -64.7% 0.0%
    PLAZA HOME MORTGAGE, INC. $460,000 $205,000 -55.4% 0.0%
    Superior Credit Union, Inc. $205,000 n/a 0.0%
    GUILD MORTGAGE COMPANY $195,000 n/a 0.0%
    LEADERONE FINANCIAL CORPORATION $535,000 $195,000 -63.6% 0.0%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $535,000 $195,000 -63.6% 0.0%
    CREDIT UNION ONE $185,000 n/a 0.0%
    RELIANCE FIRST CAPITAL, LLC $1,385,000 $185,000 -86.6% 0.0%
    Citibank $175,000 n/a 0.0%
    DOMINION FINANCIAL SERVICES, LLC $175,000 n/a 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $230,000 $175,000 -23.9% 0.0%
    LIBERTY HOME MORTGAGE CORPORATION $175,000 n/a 0.0%
    Mid-Continent Funding, Inc. $165,000 n/a 0.0%
    Quontic Bank $165,000 n/a 0.0%
    CONSUMERS $155,000 n/a 0.0%
    ENDEAVOR CAPITAL, LLC. $145,000 $155,000 6.9% 0.0%
    First Savings Bank $155,000 n/a 0.0%
    FOUNDATION MORTGAGE CORPORATION $155,000 n/a 0.0%
    AXIA FINANCIAL, LLC $150,000 n/a 0.0%
    Southern Michigan Bank & Trust $45,000 $150,000 233.3% 0.0%
    DEEPHAVEN MORTGAGE LLC $145,000 n/a 0.0%
    OPEN MORTGAGE, LLC $410,000 $145,000 -64.6% 0.0%
    GUARANTEED RATE AFFINITY, LLC $135,000 n/a 0.0%
    HOMEXPRESS MORTGAGE CORP. $135,000 n/a 0.0%
    NATIONWIDE MORTGAGE BANKERS, INC. $185,000 $135,000 -27.0% 0.0%
    NEXERA HOLDING LLC $125,000 n/a 0.0%
    STAR USA FEDERAL CREDIT UNION $125,000 n/a 0.0%
    PREMIER MORTGAGE RESOURCES, L.L.C. $120,000 n/a 0.0%
    LIMA ONE CAPITAL, LLC $505,000 $115,000 -77.2% 0.0%
    PLANET HOME LENDING, LLC $115,000 $115,000 0.0% 0.0%
    Union Savings Bank $115,000 n/a 0.0%
    Sierra Pacific Mortgage Company, Inc. $95,000 n/a 0.0%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $85,000 n/a 0.0%
    Third Federal Savings and Loan Association of Cleveland $775,000 $75,000 -90.3% 0.0%
    Baxter Credit Union $65,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $95,000 $65,000 -31.6% 0.0%
    Connexus Credit Union $55,000 n/a 0.0%
    EVANSVILLE TEACHERS $55,000 n/a 0.0%
    PURDUE FEDERAL CREDIT UNION $45,000 n/a 0.0%
    Busey Bank $11,275,000 $25,000 -99.8% 0.0%

    ELKHART - GOSHEN's top lender by overall market share is INTERRA CREDIT UNION, with 12.1% market share. In second place, with 9.0%, is CARDINAL FINANCIAL, having originated $59,445,000 in loans. In third place, with 6.5%, is RUOFF MORTGAGE COMPANY, INC., having originated $42,730,000 in loans. In fourth place, with 5.9%, is Lake City Bank, having originated $38,615,000 in loans. In fifth place, with 5.0%, is QUICKEN LOANS, LLC, having originated $33,120,000 in loans.

    ELKHART - GOSHEN Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - ELKHART - GOSHEN (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $157,225 (-0.9%) $218,363 (1.7%) 0.58 377
    2018-02-01 $159,500 (0.0%) $224,745 (4.8%) 0.58 325
    2018-03-01 $175,875 (10.6%) $231,866 (4.7%) 0.62 299
    2018-04-01 $178,075 (-1.0%) $234,011 (-2.8%) 0.60 282
    2018-05-01 $187,425 (0.3%) $246,515 (0.8%) 0.63 308
    2018-06-01 $199,900 (10.4%) $263,904 (11.4%) 0.67 363
    2018-07-01 $201,200 (15.0%) $267,147 (13.5%) 0.67 407
    2018-08-01 $202,450 (16.1%) $259,895 (14.0%) 0.68 432
    2018-09-01 $196,900 (12.6%) $252,904 (7.9%) 0.66 447
    2018-10-01 $186,200 (9.6%) $248,630 (5.9%) 0.63 442
    2018-11-01 $189,075 (11.4%) $249,892 (8.7%) 0.64 443
    2018-12-01 $190,900 (19.4%) $244,766 (10.1%) 0.66 410
    2019-01-01 $189,325 (20.4%) $241,491 (10.6%) 0.65 368
    2019-02-01 $197,000 (23.5%) $247,863 (10.3%) 0.67 347
    2019-03-01 $207,957 (18.2%) $268,130 (15.6%) 0.68 309
    2019-04-01 $219,900 (23.5%) $287,754 (23.0%) 0.70 269
    2019-05-01 $219,900 (17.3%) $280,583 (13.8%) 0.69 270
    2019-06-01 $219,975 (10.0%) $277,445 (5.1%) 0.69 295
    2019-07-01 $218,225 (8.5%) $280,206 (4.9%) 0.68 319
    2019-08-01 $207,245 (2.4%) $264,702 (1.9%) 0.66 357
    2019-09-01 $203,114 (3.2%) $255,604 (1.1%) 0.65 380
    2019-10-01 $194,925 (4.7%) $247,521 (-0.5%) 0.63 395
    2019-11-01 $189,500 (0.2%) $239,778 (-4.1%) 0.62 382
    2019-12-01 $184,975 (-3.1%) $233,559 (-4.6%) 0.62 343
    2020-01-01 $189,900 (0.3%) $240,378 (-0.5%) 0.63 309
    2020-02-01 $199,900 (1.5%) $244,567 (-1.3%) 0.65 275
    2020-03-01 $216,425 (4.1%) $271,390 (1.2%) 0.68 239
    2020-04-01 $216,450 (-1.6%) $274,086 (-4.8%) 0.68 240
    2020-05-01 $248,900 (13.2%) $300,822 (7.2%) 0.76 229
    2020-06-01 $265,900 (20.9%) $311,584 (12.3%) 0.78 216
    2020-07-01 $262,400 (20.2%) $319,563 (14.1%) 0.76 204
    2020-08-01 $244,900 (18.2%) $319,841 (20.8%) 0.70 211
    2020-09-01 $225,950 (11.2%) $312,289 (22.2%) 0.65 194
    2020-10-01 $219,900 (12.8%) $297,961 (20.4%) 0.63 209
    2020-11-01 $210,925 (11.3%) $284,886 (18.8%) 0.62 187
    2020-12-01 $200,850 (8.6%) $290,003 (24.2%) 0.60 158
    2021-01-01 $189,900 (0.0%) $285,457 (18.8%) 0.57 126
    2021-02-01 $181,150 (-9.4%) $292,907 (19.8%) 0.53 90
    2021-03-01 $173,700 (-19.7%) $275,318 (1.5%) 0.49 98
    2021-04-01 $149,975 (-30.7%) $260,376 (-5.0%) 0.41 106
    2021-05-01 $139,950 (-43.8%) $264,117 (-12.2%) 0.37 109
    2021-06-01 $237,675 (-10.6%) $307,073 (-1.5%) 0.63 119
    2021-07-01 $249,900 (-4.8%) $324,076 (1.4%) 0.66 124
    2021-08-01 $229,600 (-6.3%) $315,770 (-1.3%) 0.61 132
    2021-09-01 $232,313 (2.8%) $324,153 (3.8%) 0.62 134
    2021-10-01 $224,700 (2.2%) $298,920 (0.3%) 0.60 126
    2021-11-01 $224,750 (6.6%) $299,709 (5.2%) 0.60 118
    2021-12-01 $207,325 (3.2%) $285,781 (-1.5%) 0.56 112
    2022-01-01 $205,000 (8.0%) $292,599 (2.5%) 0.55 86
    2022-02-01 $197,400 (9.0%) $289,353 (-1.2%) 0.51 67
    2022-03-01 $228,300 (31.4%) $295,306 (7.3%) 0.57 72
    2022-04-01 $249,900 (66.6%) $331,466 (27.3%) 0.60 92
    2022-05-01 $259,925 (85.7%) $349,048 (32.2%) 0.59 100
    2022-06-01 $280,825 (18.2%) $357,669 (16.5%) 0.63 142
    2022-07-01 $264,900 (6.0%) $346,773 (7.0%) 0.60 178
    2022-08-01 $255,450 (11.3%) $333,928 (5.8%) 0.59 198
    2022-09-01 $257,425 (10.8%) $335,251 (3.4%) 0.60 196
    2022-10-01 $259,900 (15.7%) $352,497 (17.9%) 0.61 205
    2022-11-01 $266,150 (18.4%) $350,499 (17.0%) 0.64 215
    2022-12-01 $257,900 (24.4%) $335,857 (17.5%) 0.64 191
    2023-01-01 $252,950 (23.4%) $341,954 (16.9%) 0.63 153
    2023-02-01 $260,175 (31.8%) $350,316 (21.1%) 0.63 143
    2023-03-01 $274,700 (20.3%) $350,962 (18.9%) 0.65 157
    2023-04-01 $299,900 (20.0%) $371,857 (12.2%) 0.70 140
    2023-05-01 $282,450 (8.7%) $390,329 (11.8%) 0.64 161
    2023-06-01 $284,950 (1.5%) $394,902 (10.4%) 0.64 182
    2023-07-01 $295,000 (11.4%) $401,194 (15.7%) 0.67 195
    2023-08-01 $284,900 (11.5%) $384,105 (15.0%) 0.65 192
    2023-09-01 $279,900 (8.7%) $363,976 (8.6%) 0.65 241
    2023-10-01 $268,725 (3.4%) $344,583 (-2.3%) 0.63 253
    2023-11-01 $264,500 (-0.6%) $329,879 (-5.9%) 0.63 266
    2023-12-01 $260,000 (0.8%) $315,791 (-6.0%) 0.63 258
    2024-01-01 $262,400 (3.7%) $336,922 (-1.5%) 0.64 246
    2024-02-01 $275,825 (6.0%) $351,115 (0.2%) 0.66 180
    2024-03-01 $295,000 (7.4%) $368,081 (4.9%) 0.69 172
    2024-04-01 $309,900 (3.3%) $395,421 (6.3%) 0.72 173
    2024-05-01 $321,250 (13.7%) $414,934 (6.3%) 0.73 176
    2024-06-01 $320,000 (12.3%) $393,752 (-0.3%) 0.72 199
    2024-07-01 $305,925 (3.7%) $381,001 (-5.0%) 0.70 218
    2024-08-01 $302,400 (6.1%) $368,069 (-4.2%) 0.70 229
    2024-09-01 $298,125 (6.5%) $372,252 (2.3%) 0.70 245
    2024-10-01 $291,450 (8.5%) $360,846 (4.7%) 0.69 283
    ELKHART - GOSHEN's median listing price for 2024-10-01 was $291,450, a difference of $22,725 (8.5%) versus the prior year and $-6,675 versus the prior month.

    ELKHART - GOSHEN's median listing price comes in at 69% of the national average.

    ELKHART - GOSHEN's average listing price for 2024-10-01 was $360,846, a difference of $16,263 (4.7%) versus the prior year and $-11,406 versus the prior month.

    For the 2024-10-01 period, ELKHART - GOSHEN had 283 MLS listings, a difference of 38 listings (16%) versus the prior month and 30 listings (12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - ELKHART - GOSHEN (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 83 days 1,791 sqft
    2018-02-01 89 days 1,787 sqft
    2018-03-01 59 days 1,848 sqft
    2018-04-01 42 days 1,913 sqft
    2018-05-01 33 days 1,948 sqft
    2018-06-01 32 days 2,066 sqft
    2018-07-01 39 days 2,071 sqft
    2018-08-01 42 days 2,037 sqft
    2018-09-01 42 days 2,041 sqft
    2018-10-01 51 days 2,011 sqft
    2018-11-01 54 days 2,054 sqft
    2018-12-01 63 days 2,075 sqft
    2019-01-01 75 days 2,048 sqft
    2019-02-01 71 days 2,069 sqft
    2019-03-01 58 days 2,205 sqft
    2019-04-01 47 days 2,370 sqft
    2019-05-01 39 days 2,296 sqft
    2019-06-01 37 days 2,342 sqft
    2019-07-01 40 days 2,333 sqft
    2019-08-01 42 days 2,222 sqft
    2019-09-01 47 days 2,115 sqft
    2019-10-01 50 days 2,016 sqft
    2019-11-01 52 days 1,951 sqft
    2019-12-01 64 days 1,860 sqft
    2020-01-01 75 days 1,856 sqft
    2020-02-01 69 days 1,888 sqft
    2020-03-01 49 days 2,048 sqft
    2020-04-01 55 days 1,994 sqft
    2020-05-01 57 days 2,334 sqft
    2020-06-01 40 days 2,323 sqft
    2020-07-01 40 days 2,275 sqft
    2020-08-01 30 days 2,244 sqft
    2020-09-01 37 days 2,108 sqft
    2020-10-01 32 days 2,077 sqft
    2020-11-01 39 days 1,820 sqft
    2020-12-01 52 days 1,801 sqft
    2021-01-01 59 days 1,737 sqft
    2021-02-01 55 days 1,895 sqft
    2021-03-01 25 days 1,746 sqft
    2021-04-01 15 days 1,610 sqft
    2021-05-01 19 days 1,612 sqft
    2021-06-01 13 days 2,166 sqft
    2021-07-01 17 days 2,163 sqft
    2021-08-01 24 days 1,840 sqft
    2021-09-01 24 days 1,887 sqft
    2021-10-01 26 days 1,660 sqft
    2021-11-01 26 days 1,821 sqft
    2021-12-01 43 days 1,650 sqft
    2022-01-01 53 days 1,660 sqft
    2022-02-01 37 days 1,606 sqft
    2022-03-01 30 days 1,684 sqft
    2022-04-01 11 days 1,958 sqft
    2022-05-01 16 days 1,912 sqft
    2022-06-01 17 days 2,043 sqft
    2022-07-01 24 days 1,984 sqft
    2022-08-01 30 days 1,930 sqft
    2022-09-01 31 days 1,900 sqft
    2022-10-01 32 days 1,928 sqft
    2022-11-01 39 days 1,923 sqft
    2022-12-01 47 days 1,820 sqft
    2023-01-01 59 days 1,755 sqft
    2023-02-01 45 days 1,737 sqft
    2023-03-01 37 days 1,767 sqft
    2023-04-01 37 days 1,895 sqft
    2023-05-01 30 days 1,837 sqft
    2023-06-01 26 days 1,950 sqft
    2023-07-01 33 days 1,971 sqft
    2023-08-01 36 days 1,885 sqft
    2023-09-01 35 days 1,995 sqft
    2023-10-01 37 days 1,938 sqft
    2023-11-01 45 days 1,819 sqft
    2023-12-01 50 days 1,799 sqft
    2024-01-01 59 days 1,816 sqft
    2024-02-01 58 days 1,860 sqft
    2024-03-01 39 days 1,911 sqft
    2024-04-01 39 days 1,988 sqft
    2024-05-01 30 days 2,081 sqft
    2024-06-01 30 days 2,060 sqft
    2024-07-01 35 days 2,050 sqft
    2024-08-01 39 days 2,046 sqft
    2024-09-01 39 days 2,090 sqft
    2024-10-01 36 days 2,003 sqft
    ELKHART - GOSHEN's median listing age (time on market) for 2024-10-01 was 36 days. This is -3% shorter than the same period one year ago.

    ELKHART - GOSHEN's median square footage for active listings during the 2024-10-01 period was 2,003 sqft. One year prior, the average listing was 1,938 sqft.

    ELKHART-GOSHEN, IN Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    46507 Elkhart-Goshen, IN MSA $740 $780 $1,000 $1,280 $1,340
    46514 Elkhart-Goshen, IN MSA $800 $840 $1,070 $1,370 $1,440
    46515 Elkhart-Goshen, IN MSA $740 $770 $990 $1,270 $1,330
    46516 Elkhart-Goshen, IN MSA $700 $730 $940 $1,200 $1,260
    46517 Elkhart-Goshen, IN MSA $660 $750 $890 $1,140 $1,200
    46526 Elkhart-Goshen, IN MSA $740 $770 $990 $1,270 $1,330
    46527 Elkhart-Goshen, IN MSA $740 $770 $990 $1,270 $1,330
    46528 Elkhart-Goshen, IN MSA $750 $790 $1,010 $1,290 $1,360
    46530 Elkhart-Goshen, IN MSA $1,100 $1,330 $1,600 $2,030 $2,140
    46540 Elkhart-Goshen, IN MSA $800 $840 $1,080 $1,380 $1,450
    46542 Elkhart-Goshen, IN MSA $620 $640 $830 $1,060 $1,110
    46543 Elkhart-Goshen, IN MSA $790 $830 $1,060 $1,360 $1,420
    46550 Elkhart-Goshen, IN MSA $720 $750 $960 $1,230 $1,290
    46553 Elkhart-Goshen, IN MSA $730 $760 $980 $1,250 $1,320
    46561 Elkhart-Goshen, IN MSA $830 $1,000 $1,200 $1,520 $1,610
    46565 Elkhart-Goshen, IN MSA $740 $770 $990 $1,270 $1,330
    46567 Elkhart-Goshen, IN MSA $740 $780 $1,000 $1,280 $1,340
    46573 Elkhart-Goshen, IN MSA $670 $750 $910 $1,160 $1,220
    46767 Elkhart-Goshen, IN MSA $680 $710 $910 $1,160 $1,220

    2022 Average & Median Rent Data Statistics
    ELKHART-GOSHEN, IN average 1BR rent: $808, median: $770
    ELKHART-GOSHEN, IN average 2BR rent: $1,021, median: $990
    ELKHART-GOSHEN, IN average 3BR rent: $1,305, median: $1,270

    ELKHART-GOSHEN, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 2,256 $448,240,000 $198,688
    Cash Out Refi 609 $85,705,000 $140,731
    Other 517 $41,455,000 $80,184
    Home Improvement 462 $31,250,000 $67,641
    Refi 450 $51,810,000 $115,133

    Elkhart - Goshen's most frequently cited loan purpose was Home Purchase, with 2,256 originations. The 2nd most popular reason was Cash Out Refi, with 609 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,301 $114,355,000 $87,898
    6-7% 1,213 $244,545,000 $201,603
    7-8% 1,133 $210,735,000 $185,997
    5-6% 287 $60,675,000 $211,411
    <2.5% 205 $7,075,000 $34,512
    2.5-3% 74 $4,410,000 $59,595
    3-4% 23 $2,545,000 $110,652
    4-5% 17 $3,215,000 $189,118

    During 2023, Elkhart - Goshen's most frequently originated rate bucket was Over 8%, with 1,301 originations.

    Loan Sizing (ELKHART-GOSHEN, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 1,721 $82,675,000 $48,039
    $100k-200k 1,367 $202,665,000 $148,255
    $200k-400k 1,044 $279,710,000 $267,921
    $400k-600k 122 $57,260,000 $469,344
    $600k-1000k 31 $22,155,000 $714,677
    $Over $1MM 9 $13,995,000 $1,555,000

    ELKHART - GOSHEN's loan sizing saw the bucket of loans from $100,000 or less with 1,721 originations, totaling $82,675,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 1,489 $325,705,000 $218,741
    Under 20% 868 $33,660,000 $38,779
    60-80% 717 $156,625,000 $218,445
    20-40% 681 $59,645,000 $87,584
    40-60% 358 $59,160,000 $165,251
    Over 100% 21 $6,735,000 $320,714

    ELKHART - GOSHEN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,489 originations, totaling $325,705,000 in origination value.